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Introduction

The transition to e-Invoicing requires significant accounting and operational optimisation to ensure full compliance. With the continuous rollout of fundamental legislation and the latest updates, businesses must adapt quickly to avoid non-compliance risks and operational disruptions. This course addresses the practical challenges and “pain points” associated with these changes. It provides clarity on accurate data collection, transaction reconciliation, and the broader business implications of e-Invoice data sharing among authorities.

Navigate Regulations: Apply fundamental e-Invoice legislation and the latest regulatory updates directly to current business practices. Protect the business against risks related to strict enforcement.
Streamline Billing: Optimise income and billing processes by managing timing differences, issuing proper credit/debit notes, and successfully adhering to the seven-day rule for consolidated e-Invoices.
Handle Complex Transactions: Manage the correct e-Invoice treatment for refundable and non-refundable deposits, as well as single transactions exceeding RM10,000.
Optimise Expenses: Ensure cost of sales and expense compliance by mastering self-billed e-Invoices for imported goods and services and payments to individuals.
Resolve HR Pain Points: Address staff claims and employment perquisite challenges by properly handling self-billed e-Invoices for local and overseas expenses

Module 1: Introduction

Fundamental e-Invoice legislation
Latest e-Invoice updates

Module 2: Income and Billing Process Optimisation

Timing difference between “Invoice Date” and “e-Invoice Date”. E.g., reconciliation between GL and MyInvois Portal record.
Practical usage of credit note, debit note and refund note
Issues to meet the seven-days rules for consolidated e-Invoice. E.g., reconcile cash sales and e-wallet sales
Process for collecting customer details for e-Invoice. E.g., a single transaction exceeding RM10,000.
Refundable and non-refundable deposit e-Invoice treatment
Income that not required to issue e-Invoice

Module 3: Cost of Sales and Expenses Optimisation

Self-billed e-Invoice issues on imported goods and services (imported service tax and withholding tax)
Incomplete supporting document on payment to the agent. E.g., stamping on the agent agreement
Payment to individual: Required self-billed e-Invoice or other supporting documents?
Request e-Invoice for purchases from e-Commerce platform? (local and overseas)

Module 4: The “Pain Points” of Staff Claims and Employment Perquisites

What are staff claims and employment perquisites?
The confusion of self-billed e-Invoice for staff claims (local and overseas expenses)
Why are HR documents, such as the employer’s staff claims policy and employee handbook are important?

Module 5: Other e-Invoice Impact on Business

Potential sharing of e-Invoice information among authorities
The undeclared income trap by e-Invoice data collection
Consistent and strict enforcement by authorities leading to full compliance by all businesses
Q&A session

Accounts Personnels’ Five Hands-On Skills To Keep-Up Competency In E-Invoice Era

Accounts Personnels’ Five Hands-On Skills To Keep-Up Competency In E-Invoice Era

Download our registration form

Introduction

What Will You Learn?